Oakville Real Estate News

Oakville Sets New Record In Luxury Home Sales

Oakville—one
of the 905’s most desired communities with a long-standing tradition of
high-end sales—experienced unprecedented demand yet again, setting a new record
for home sales over the $1.5 million price point in 2013. One hundred and fifty-six
luxury properties changed hands last year, up 19 per cent from the 131 sales reported
in 2012. Three hundred and fifty million
dollars in luxury real estate was sold in Oakville last year, with the most expensive
property—a fully renovated circa-1930 home situated on eight acres, including close
to 800 ft. of waterfront—selling for just under $10 million.